Manufacturing Industry
Last year's concerns loom over automakers.(Special Report)(auto industry overview and outlook)(Industry Overview)
Plastics News, January, 2003
Byline: Rhoda Miel The numbers may look solid, with experts predicting only a moderate drop-off in North American vehicle sales for 2003, but the real test for auto suppliers is whether they are tied in with the brands consumers want. Industry forecasters predict auto sales will fall in 2003 to about 16.5 million vehicles.
Production is expected to be 16.1 million units - about 300,000 fewer cars and trucks than in 2002. International automakers will continue taking more of the total pie away from domestic carmakers General Motors Corp., Ford Motor Co. and the Chrysler division of DaimlerChrysler AG. To succeed, auto suppliers must court work at the North American manufacturing centers of automakers based in Europe, Japan and South Korea. ``The real...
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